BPCL understands risk as far as projects are concerned and have developed comprehensive technical approach to managing all the risks shown in the figure.
We don’t believe in one size fits all approach in any methodology. This is not ideal and always results in sub-optimal solutions
RISK is BIG BUSINESS!
For all projects we prepare a RISK LOG and come up with MITIGATION MEASURES that would address such risks while we seek to understand and document the potential RESIDUAL EFFECTS of such risks to the project delivery.